fbpx
Skip to content Skip to sidebar Skip to footer

Bitcoin Cash Will Undergo Its First Halving Today, BSV to Follow.

Bitcoin Cash (BCH), one of the most controversial forks of Bitcoin (BTC), will hit block number 630,000 and undergo a block reward halving on Wednesday, April 8.

According to the BCH Block Reward Halving Countdown, the fifth-largest cryptocurrency by market cap will hit a blockchain milestone which reduces the number of new BCH coins created as a block reward by half. Unlike its predecessor, Bitcoin, which has undergone two halvings in the past, this will be the first halving for BCH and reduce its block reward from 12.5 to 6.25 coins while the less new supply being created will cause the inflation to go down from 3.64% to 1.80%.

Most of the cryptocurrencies followed Bitcoin and enjoyed a price pump yesterday, but the price of BCH outperformed the majority of those in the crypto market as it skyrocketed to approximately $280 with almost 10% gain in the past 24 hours.

Another controversial fork of Bitcoin, the Bitcoin Satoshi’s Vision (BSV), led by Dr.Craig Wright, will also undergo the halving approximately 2 days after the BCH’s. The halvings of these Bitcoin’s namesake happen slightly earlier due to a different algorithm on how fast the mining difficulty will adjust in response to the hash rate. 

You may also want to read: Bitcoin Price Gets You Down? When in Doubt, Zoom Out!

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098.

Phone: +65-80282938

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us